2019 Armenia-Singapore Income Tax Treaty Available

<p>Tax Analysts has obtained the text of the Armenia-Singapore income tax treaty signed July 8, 2019, in Singapore.</p> <p>Under the treaty, dividends are exempt from tax if the beneficial owner is a company that directly holds at least 25 percent of the capital of the payer company, or is a company that has invested in the payer company at least US$300,000 or its equivalent. In other cases, a 5 percent rate applies.</p> <p>Interest and royalties are taxable at a top rate of 5 percent. Both countries generally apply the credit method to eliminate double taxation.</p> <p>This is the first income tax agreement between the two countries. It will enter into force once ratification instruments are exchanged, and its withholding tax provisions will apply from January 1 of the year following entry into force. Its other tax provisions will apply in Armenia from January 1 of the year following entry into force, and in Singapore from January 1 of the second year following entry into force. <br/>The provisions of article 25 (exchange of information) will apply for requests made on or after the date of entry into force for information relating to tax periods beginning on or after January 1 of the year following entry into force, or where there is no tax period, for all charges to tax arising on or after January 1 of the year following entry into force.</p>

<p><a href="/lr/resolve/-/29pyd" title=" ">Related Singapore release</a>. </p>

<p>December 23, 2021 (exchange of information). January 1, 2022 (withholding and other taxes) (Armenia). January 1, 2022 (withholding taxes); January 1, 2023 (other taxes) (Singapore). See Article 28.</p>

<p>Tax Analysts has obtained the text of the Armenia-Singapore income tax treaty signed July 8, 2019, in Singapore.</p>

Tax Analysts has obtained the text of the Armenia-Singapore income tax treaty signed July 8, 2019, in Singapore. Under the treaty, dividends are exempt from tax if the beneficial owner is a company that directly holds at least 25 percent of the capital of the payer company, or is a company that has invested in the payer company at least US$300,000 or its equivalent. In other cases, a 5 percent rate applies. Interest and royalties are taxable at a top rate of 5 percent. Both countries generally apply the credit method to eliminate double taxation. This is the first income tax agreement between the two countries. It will enter into force once ratification instruments are exchanged, and its withholding tax provisions will apply from January 1 of the year following entry into force. Its other tax provisions will apply in Armenia from January 1 of the year following entry into force, and in Singapore from January 1 of the second year following entry into force. The provisions of article 25 (exchange of information) will apply for requests made on or after the date of entry into force for information relating to tax periods beginning on or after January 1 of the year following entry into force, or where there is no tax period, for all charges to tax arising on or after January 1 of the year following entry into force.

<h4>Rate Table Instructions</h4> <ul> <li>You must enter a rate for each rate type</li> <li>Enter only one rate value per row</li> <li>You may leave the country columns blank if the rate is the same for both countries</li> <li>Country names (if entered) must exactly match the jurisdictions</li> <li>Leave the Partner Country column blank if you want the rate to apply to all partners of the Main Country</li> <li>Enter "n/a" in each rate row to hide the partner in the Main Country table</li> <li>Note that the same rates may apply for Main Country and Partner Country or the Main Country may apply different rates to the Partner Country</li> </ul> <table> <tbody> <tr><th> <div>Rate Type</div> (Dividends, Interest, Royalties)</th><th>Main Country</th><th>Partner Country</th><th>Rate</th><th>Footnote 1</th><th>Footnote 2</th><th>Footnote 3</th><th>Footnote 4</th></tr> <tr> <td>Dividends</td> <td> </td> <td> </td> <td>0/5</td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td>Interest</td> <td> </td> <td> </td> <td>5</td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td>Royalties</td> <td> </td> <td> </td> <td>5</td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> </tbody> </table>

Armenia - Singapore: 2019 Income Tax Agreement

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2019 Armenia-Singapore Income Tax Treaty Available